Quebecor Media Inc.

Quebecor Media Inc.

March 06, 2015 09:20 ET

Industry Canada AWS-3 Spectrum Auction: Quebecor Media Acquires Four 30 MHz Licences

MONTRÉAL, QUÉBEC--(Marketwired - March 6, 2015) - Quebecor Media is pleased to announce that it was the successful bidder on four 30 MHz licences in Industry Canada's latest auction for AWS-3 commercial mobile spectrum. Quebecor Media obtained the licences for Eastern Québec, Southern Québec, Northern Québec and Eastern Ontario / Outaouais, covering 100% of Québec's population and the Ottawa region, for a total price of $31.8 million.

"Quebecor Media and its Videotron subsidiary are pleased with the results of the spectrum auction," commented Pierre Dion, President and CEO of Quebecor and Quebecor Media. "The acquisition of this spectrum will help ensure the sustainability of our mobile services in Québec and the Ottawa region, thereby solidifying four-carrier competition throughout those areas. This spectrum is ideal to support continuing roll-out of mobile services that deliver the full benefits of LTE technology. Increased competition between four carriers can only benefit consumers, who will be the big winners."

AWS-3 spectrum, particularly the 30 MHz band which supports LTE technology, enables latest-generation and next-generation mobile devices, such as smartphones and tablets, to operate at optimal speed and reliability.

About Quebecor Media

Quebecor, a Canadian leader in telecommunications, news media, entertainment and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.

Quebecor (TSX:QBR.A)(TSX:QBR.B) is headquartered in Québec. It holds a 75.36% interest in Quebecor Media, which employs nearly 14,000 people in Canada.

A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports people working with more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.

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